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Wall Street Shrugs Off Government Shutdown: For Now

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October 01, 2013 AT 1:51 PM
NEW YORK (Reuters) - Wall Street took the partial shutdown of the U.S. government in stride on Tuesday, but market analysts expected investor patience to run out if it lasts more than about a week as a more worrisome battle looms in Congress over the federal debt ceiling. After more than a week of declining stock prices over worries that political gridlock would result in a shutdown, investors bid up stock prices on Tuesday at the reality and took in stride closures that threw hundreds of thousands of federal employees out of work. ...